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Financials · MEC

Mayville Engineering Company Inc. (MEC) financials

For the twelve months ended Sep 30, 2026, Mayville Engineering Company Inc. reported $612.39M of revenue and -$14.20M of net income.

Revenue, TTM
$612.39M
Revenue growth, YoY
+14.8%
Net income, TTM
-$14.20M
Net margin
-2.3%
Free cash flow, TTM
-$6.78M
EPS, diluted, TTM
-$0.69
Cash
$1.51M
P/S
0.59
Market cap
$359.8M
Annual revenue$546.49M
FY2017FY2025
Annual net income-$8.11M
FY2017FY2025
Annual free cash flow$26.91M
FY2017FY2025

MEC revenue and earnings growth

MEC revenueQ3 2026$170.36M

Quarter YoY
+18.1%
QoQ
+4.5%
FY YoY
-6.0%
5Y CAGR
+8.9%

MEC revenue was $170.36M in fiscal Q3 2026 (ended Sep 30, 2026), up 18.1% from a year earlier and up 4.5% from the prior quarter. For the full fiscal 2025 it was $546.49M, down 6.0% from fiscal 2024. Compound annual growth was +8.9% over 5 years. It rose in 5 of the last 8 fiscal years.

MEC net incomeQ3 2026$424.0K

MEC net income was $424.0K in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$2.67M a year earlier. For the full fiscal 2025 it was -$8.11M, compared with $25.97M in fiscal 2024.

MEC EPSQ3 2026$0.02

MEC diluted EPS was $0.02 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.13 a year earlier. For the full fiscal 2025 it was -$0.40, compared with $1.24 in fiscal 2024.

MEC free cash flowQ3 2026-$3.35M

FY YoY
-65.4%
5Y CAGR
-1.3%

MEC free cash flow was -$3.35M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$1.15M a year earlier. For the full fiscal 2025 it was $26.91M, down 65.4% from fiscal 2024. Compound annual growth was -1.3% over 5 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue$546.49M$581.60M$588.42M$539.39M$454.83M$357.61M$519.70M$354.53M$313.33M
Cost of revenue$492.48M$510.51M$518.72M$478.32M$403.45M$326.11M$460.99M$303.95M$278.59M
Gross profit$54.01M$71.10M$69.70M$61.07M$51.38M$31.50M$58.72M$50.58M$34.74M
Operating income-$3.84M$44.55M$20.19M$25.77M-$7.39M-$6.50M-$1.96M$22.17M$9.43M
Interest expense$10.21M$10.99M$11.09M$3.38M$2.00M$2.67M$6.73M$3.88M$4.18M
Pre-tax income-$14.06M$33.56M$8.88M$22.39M-$9.39M-$9.17M-$8.84M$17.48M$5.25M
Income tax-$5.95M$7.60M$1.04M$3.67M-$1.94M-$2.07M-$4.09M-$459.0K$0
Net income-$8.11M$25.97M$7.84M$18.73M-$7.45M-$7.09M-$4.75M$17.93M$5.25M
EPS, basic-$0.40$1.26$0.38$0.92-$0.37-$0.36-$0.27$1.29$0.37
EPS, diluted-$0.40$1.24$0.38$0.91-$0.36-$0.36-$0.27$1.29$0.37
Diluted shares20.5M21.0M20.7M20.7M20.8M19.9M17.4M13.9M14.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Cash and equivalents$1.50M$206.0K$672.0K$127.0K$118.0K$121.0K$1.0K$3.09M$76.0K
Receivables$57.55M$49.78M$57.45M$58.00M$55.42M$42.08M$40.19M$52.30M-
Inventory$59.40M$54.76M$67.78M$71.71M$70.16M$41.37M$45.69M$53.41M-
Current assets$128.41M$112.94M$134.62M$141.30M$132.57M$89.25M$90.48M$112.76M-
Goodwill$140.25M$92.65M$92.65M$71.53M$71.53M$71.53M$71.53M$69.44M-
Total assets$563.64M$445.57M$496.66M$440.58M$379.47M$338.53M$363.58M$391.73M-
Current liabilities$74.77M$64.59M$71.71M$102.45M$77.37M$52.74M$48.19M$83.16M-
Short-term debt-------$8.61M-
Total liabilities$322.90M$193.82M$266.68M$222.71M$181.20M$137.68M$162.69M$288.74M-
Shareholders' equity$240.74M$251.75M$229.98M$217.87M$198.27M$200.86M$200.90M$102.99M-

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Operating cash flow$38.56M$89.81M$40.36M$52.43M$14.46M$36.52M$33.40M$36.72M$30.80M
Capital expenditures$11.65M$12.10M$16.60M$58.61M$39.31M$7.79M$25.80M$17.88M$11.26M
Free cash flow$26.91M$77.71M$23.77M-$6.18M-$24.85M$28.73M$7.61M$18.84M$19.54M
Investing cash flow-$151.53M-$11.71M-$104.13M-$50.67M-$33.96M-$5.77M-$28.09M-$132.57M-$11.23M
Financing cash flow$114.26M-$78.56M$64.31M-$1.75M$19.50M-$30.63M-$8.40M$98.87M-$19.63M
Share repurchases$4.61M$5.90M$2.66M$4.95M$2.15M$2.51M$2.59M$7.83M$8.71M
Stock-based compensation$3.28M$5.19M$4.49M$3.76M$4.96M$4.73M$3.49M--

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue growth, YoY-6.0%-1.2%9.1%18.6%27.2%-31.2%46.6%13.1%-
Net income growth, YoY-231.1%-58.1%----241.9%-
EPS growth, YoY-226.3%-58.2%----248.6%-
Gross margin9.9%12.2%11.8%11.3%11.3%8.8%11.3%14.3%11.1%
Operating margin-0.7%7.7%3.4%4.8%-1.6%-1.8%-0.4%6.3%3.0%
Net margin-1.5%4.5%1.3%3.5%-1.6%-2.0%-0.9%5.1%1.7%
Free cash flow margin4.9%13.4%4.0%-1.1%-5.5%8.0%1.5%5.3%6.2%
Return on equity-3.4%10.3%3.4%8.6%-3.8%-3.5%-2.4%17.4%-
Return on assets-1.4%5.8%1.6%4.3%-2.0%-2.1%-1.3%4.6%-
Current ratio1.721.751.881.381.711.691.881.36-

Source: XBRL data Mayville Engineering Company Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MEC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MEC$612.39M+14.8%-$14.20M-2.3%$359.8M
ISRG$11.58B+20.5%$2.96B25.5%$159.65B
EW$6.67B+13.4%$1.02B15.3%$60.21B
STE$6.17B+8.1%$826.90M13.4%$24.95B
ZBH$8.57B+7.0%$767.30M9.0%$20.50B
MAS$7.67B+0.9%$926.00M12.1%$16.56B
SNN$6.16B+6.1%$625.00M10.1%$13.00B
ALGN$4.16B+4.4%$491.87M11.8%$12.28B
AIT$5.06B+8.5%$424.12M8.4%$10.86B

MEC FAQ

9 questions
  • What is MEC revenue?
    Mayville Engineering Company Inc. (MEC) reported $612.39M of revenue for the twelve months ended Sep 30, 2026. That is up 14.8% from the year before. Revenue for fiscal 2025 was $546.49M.
  • Is MEC profitable?
    No. Mayville Engineering Company Inc. reported a net loss of $14.20M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does MEC have?
    Mayville Engineering Company Inc. reported $1.51M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is MEC revenue growing?
    Mayville Engineering Company Inc.'s revenue changed -6.0% in fiscal 2025, to $546.49M. Its compound annual growth rate was +8.9% over 5 years.
  • What is MEC gross margin?
    Mayville Engineering Company Inc.'s gross profit was $56.34M on $612.39M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 9.2%.
  • What is MEC free cash flow?
    Mayville Engineering Company Inc. generated -$6.78M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $16.38M less capital expenditures.
  • What is MEC earnings per share?
    Diluted earnings per share were -$0.69 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did MEC last report financial results?
    The latest statements here come from Mayville Engineering Company Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this MEC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Mayville Engineering Company Inc. files with the SEC. It is provided for information only and is not investment advice.